Switzerland Boosts Tax Data Sharing on 3.6 Million Accounts

Switzerland has increased the number of countries with which it is sharing information on financial assets, as part of the country’s international obligations to combat tax evasion.

Swiss authorities this year added Kazakhstan, the Maldives and Oman to the list of more than 100 states for the automatic exchange of banking information, the Federal Tax Administration said on Monday. The total of accounts covered has also risen this year to 3.6 million, up from 3.4 million in 2022. The Swiss now pass data to more than half the countries in the world.

No information was shared with Russia, the ...